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The Great Mirror of Folly: Finance, Culture, and the Crash of 1720

The Great Mirror of Folly: Finance, Culture, and the Crash of 1720

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Key Metrics

  • William N Goetzmann
  • Yale University Press
  • Hardcover
  • 9780300162462
  • 12.2 X 9.3 X 1.2 inches
  • 4.5 pounds
  • History > Western Europe - General
  • English
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Book Description

The world's first global stock market bubble suddenly burst in 1720, destroying the dreams and fortunes of speculators in London, Paris, and Amsterdam virtually overnight. Their folly and misfortune inspired the publication of an extraordinary Dutch collection of satirical prints, plays, poetry, commentary, and financial prospectuses entitled Het groote Tafereel de Dwaasheid (The Great Mirror of Folly), a unique and lavish record of the financial crisis and its cultural dimensions. The current book adopts the title. It is a book about the book, a wide-ranging interdisciplinary collaboration that uncovers the meaning and influence of the Tafereel and the profound, lasting, and multifaceted impact of the crash of 1720 on European cultures and financial markets.
The Great Mirror of Folly: Finance, Culture, and the Crash of 1720

Author Bio

William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies and Faculty Director of the International Center for Finance at the Yale School of Management.  He is an expert on a diverse range of investments.  His past work includes studies of stock market predictability, hedge funds and survival biases in performance measurement.  His current research focuses on alternative investing, factor investing, behavioral finance and the art market.

Professor Goetzmann has written and co-authored a number of books, including Modern Portfolio Theory and Investment Analysis (Wiley, 2014), The Origins of Value: The Financial Innovations that Created Modern Capital Markets (Oxford, 2005), The Great Mirror of Folly: Finance, Culture and the Crash of 1720 (Yale, 2013) and most recently, Money Changes Everything: How Finance Made Civilization Possible (Princeton, 2016).  He teaches portfolio management, alternative investments, real estate and financial history at the Yale School of Management.

 

Research Interests 

  • Behavioral Finance
  • Financial Crises
  • Financial Markets
  • Hedge Funds
  • Mutual Funds
  • Private Equity
  • Real Estate/Housing Markets
  •  

Source: Yale University 

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